In a series of technology solutions meetings
Asharqia Chamber reviews the returns on investment in artificial intelligence technologies in the restaurants and cafes sector
Asharqia Chamber, represented by the Hospitality and Recreation Committee, yesterday, Thursday, June 18, 2020, reviewed the benefits of using artificial intelligence and employing and analyzing data on the restaurants and cafes sector, during a remote meeting, in which the co-founder and CEO of Quant Data Analysis Company attended, Mr. Ahmed Saeed Bukhamseen, and it was titled (Investing in Business Intelligence and Artificial Intelligence Technologies in the Restaurants and Cafes Sector) and was attended by the Vice-Chairman of the Chamber’s Hospitality and Recreation Committee, Hamad bin Mohamed Bouali, who considered the topic of the meeting to be one of the topics of great importance in the high growth rates of the sector, He praised the company and those responsible for it, saying: It is a pride for every Saudi to achieve successive successes.
A large number of owners of restaurants and cafes in the eastern region participated in the meeting, and it was moderated by a member of the Hospitality and Recreation Committee, Mr. Khalid bin Saleh Al-Mudyan, who pointed to the great growth that the restaurants and cafes sector is witnessing in the Kingdom, and it comes as the second most important sector in terms of Emiratisation or Local content or training, pointing to the increase in the uses of the business and artificial intelligence in the world, with an expenditure amounting to about $ 57 billion.
On this part, Bukhamseen said, that all restaurants possess a legacy of data but they are idle, despite the possibility of using them through analyzing them and benefiting from them in knowing the growth paths and weaknesses and then working to strengthen them, and pointed out that the uses of artificial intelligence and data analysis in various sectors expand one day from a day in the whole world, and among these sectors is the rapidly growing restaurant and cafes sector in the Kingdom, pointing out that the analytical cloud platforms will help restaurant and café owners in making decisions, as they generate reports on all departments and products, and thus achieve streamlining in operations management, Performance improvement, as well as helping to increase sales, interact with customers and reduce costs.
Bukhamseen explained that analytical cloud platforms are platforms whose inputs depend on point of sale platforms and that their outputs are in the form of descriptive and predictive reports that enable restaurant owners to accurately read business paths, products, and market trends, as they provide a comprehensive view of the store and evaluation and advanced analysis of products whether In terms of profitability or pricing, in addition to recommendations about offers and improving inventory management, indicating that data analysis using artificial intelligence has more than an investment return on the business sector, it shows market trends and growth rates as well as the share of market applications, through sales analysis, Thus the most used applications are shown by region.
